Working 9.30 to 6 is bliss

Yes, you read that right. Let me say it again – working 9.30am to 6pm Monday to Friday is AWESOME!! Absolute bliss!

No, I haven’t gone mad. Yet.

I easily worked in excess of 60 hours a week in my previous role. Some of it unpaid overtime. So 40 hours a week is heaven to me. It’s all relative, isn’t it?

I thought I should give you all an update on how I am faring in my new less stressful role. It’s been more than a month since I returned from my holiday and started working again.

I have more time now – Photo by Malvestida Magazine on Unsplash

So how is it going?

I don’t think I fully understood the toll my previous role took on me.

It was a slow gradual increase of responsibilities and stress over the years that I just somehow learned to live with. It became a part of my identity that I was someone who was strong, who could handle stress. I was someone who could get the job done no matter what was thrown in my path. If it meant working late at night, then so be it. Next week would be better. But it never was.

I struggled with who I’d become – I was constantly irritable, highly strung, frustrated and stressed out all the time. Colleagues would preface their conversations with – sorry to bother you, I know you are very busy … but can you blah blah blah? And I would resent like hell, their requests for help, for solutions to issues and problems. Sure, I got things done but I was putting out fires rather than dealing with the issues thoroughly. 

All I knew was that I didn’t like me in the end.

Something had to change or I was surely on the path to a nervous breakdown and burnout. I would argue that I was already suffering from job burnout.

Womenwhomoney.com has an excellent article – What is Job Burnout And What Should I Do If I Have It

I am not a quitter

It is funny how life works. I was worried about my retirement savings which led me to FIRE blogs about early retirement. Discovering the FIRE movement and reading so many people’s why and paths to FI, I decide to look at my own life and define what is of value to me.

Which leads me to finally declaring enough is enough and I quit.

But I am not a quitter. That is not my identity. It is not how I see myself or how others see me.

I am known as the person who solves problems. The one who will take action.

It will take some time for me to adjust to this.

The guilt

To some extent, I still feel guilty. Like I escaped. And I let my team down. I let my boss down. Since I left, there has been a restructure and I feel guilty that I can no longer support them.

When I dropped in last week to deliver some goods (I still work for the same employer but at a different site), everyone was – oh we miss you, sure you don’t want to come back?

I confess I cried in the car -the guilt just came back in droves. And the feeling that somehow by leaving, I failed.

Health issues

Another thing I pride myself on is that I have the constitution of an ox. In my twenty six years, I reckon I have taken 6 sick days off. Total. Not per year.

I generally schedule a medical check up and blood test in January but missed doing so this year. So when I came back from holidays, I ring up the clinic. And was told that my last consultation with a doctor was two years ago and my last blood test was three years ago! I was truly shocked. I had no idea it was so long ago.

The blood test results were not good – my cholesterol was the highest it had ever been. And my liver enzymes was way higher than normal. My doctor sends me for an ultrasound.

Thankfully it was nothing more serious than a fatty liver. Bile ducts were not obstructed. But it still means my liver is inflamed.

I have no idea if these results were a consequence of my eating (ahem, very well!) on my recent holiday or my stressful life as it’s been three years since the previous data. Lesson learnt – must remember to have annual check ups.

So now the plan is to cut back on meat consumption (not that I eat that much meat to begin with anyway) and exercise more often.

 So, am I enjoying a slower pace at work?

Yes, in a word.

But it takes getting used to.

I was very surprised that I struggled at first to adjust to this slower pace of life. I had wanted to slow down, it wasn’t forced on me. And yet, I struggled.

My body was so used to the additional adrenaline I needed to survive my work days that without it, I found I had a hard time pushing myself. Does that make sense?

I have been so primed to always work with an adrenaline hit that I actually feel lost without it.

During the first week, I check my watch many times during the day – which is so unlike me. And there were times when I was actually bored! Which was a novelty. And a bit disorienting.

The pace was a lot more hectic in my previous role. There were always numerous fires to put out, issues to solve, people to see that I never had any down time or had time to feel bored. 

Now I get to deep dive into issues and devote time and energy to sorting them out and implementing solutions. I also now have time to communicate more effectively with my smaller team.

And I have time to have a decent lunch break, chatting to colleagues instead of eating on the run or eating quickly in front of the computer.

How about at home?

Strangely, having more time after work was also something I had trouble adjusting to.

I revert to the habit of chilling out on the couch – even though I was no where near the exhaustion I used to feel. And spend mindless hours playing Candy Crush in front of the television.

Ok, so I was also grieving the loss of my holiday that first week. But the second week? And third? I adjusted finally, thank God!

The poor blood test result was the impetus to start exercising again. Because I am now finishing work on time, I happily walk with my friend for 45 minutes to an hour after work. In the past, I was stressed about getting to the walk and then going back to work after our walk. I am very pleased that we have kept this up and walked every day in the last 3 weeks.

I now come home at a decent hour. Decent enough to be able to cook a meal some nights from scratch and still eat at a reasonable time. This takes the pressure off having to meal prep every meal on Sunday, leaving me more time to be relaxed on the weekends. I still meal prep lunches though.

Some nights, I even have energy left to tackle a household chore. Time to start decluttering again. Due to lack of time previously, I always start and stop projects. Now there is no excuse. My pantry is looking very good at the moment!

I have had guests over for dinner on two consecutive weekends. That is unheard of in my past life! Entertaining at my house was rare, even though I really enjoy cooking and sharing food with my friends.

The downside of reducing my work hours

Less pay, of course. Working reduced hours with less responsibilities equal less pay – there is no two ways about it.

It was another thing I had to adjust to. Initially, I asked HR to reduce salary sacrificing into my superannuation (retirement account) so I would have more money in my take home pay. But it turns out there is not much difference so I am back to salary sacrificing the maximum amount.

For the first time in my life, I may have to do a budget. I confess it is usually just vague sums in my head – I know roughly how much I can spend on each category, since I track my expenses. It is time to review where else I can reduce my expenses. I still need to save for my travels and eventual car.

Final thoughts

It has really surprised me the amount of adjusting required so far – this transition to a less stressful role and having more free time for me. I must be very naive!

I am not sure if working 40 hours a week count as Slow FI  officially, as coined by Jessica at thefioneers.com

But to me, this slowing down has created much needed breathing space. And if it means I slow down the journey to FI and eventually retirement, then I am OK with it. I will not be sacrificing my mental health to achieve a life that I may not get to. So right now, working from 9.30am to 6pm is bliss!

 

Have you transitioned to a lesser paying role? Or a less stressful role? How did you cope? Was it worth it?

 

 

You can’t enjoy your money if you are dead

Hmmm … not quite our lunch table – Photo by Louis Hansel on Unsplash

 

During one of our lunch breaks last week, my colleagues and I randomly discussed superannuation, home ownership, passive income and how soon we could retire.

Meet my lunch break colleagues

(all names have been changed to protect their privacy)

Judy, 61 tells us she is currently building two townhouses, one of which will be for her son. This is her way of helping her eldest son achieve the great Australian dream of home ownership. She has three sons and is happy to help the other two when the time comes. Her husband is in the building trade so they save on labour and materials and have the know how to pull it through. But due to this project, she is unable to retire as yet.

Martha, 50 asks me if I am contributing extra into my superannuation. She feels lucky as her husband works for the Public Service and he gets 15% contribution from his employer (while we only get 9.5%). So at least her husband has a decent nest egg upon retirement. She has two teenage children and has taken time off for maternity leave twice, returning to part time work afterwards. So naturally, like the majority of women, she is behind. But she is contributing extra now and comments that it is too little too late – this racing to the end with extra contributions to super. She doesn’t see herself retiring for a long time.

Letitia, 54 married young and had her children relatively young, compared to the others. She is not sure how her recently married daughter could afford a house only 7 minutes from her but is very thankful. She worries about her youngest son who is happy with renting at the moment – all that rent money wasted, in her opinion. Letitia doesn’t know when she can retire.

Penelope, in her late 50s is a home flipper. She buys a house to live in, renovates it then sells it for a profit. And then it’s off to a new house. She is a breast cancer survivor and a tough cookie.  Her two adult children don’t depend on her financially. Real estate has been her way of getting ahead financially. She is happy to work as long as she can, appreciating that her life could have ended a few years ago.

Then there’s me …

I (who just turned 48) announce that I want to retire within the next ten years – no one believes me. Chiefly due to my workaholic tendencies and putting work first for as long as they have known me. What would you do, Latestarterfire if you retired? You would be bored in 5 minutes. Secondly, because I don’t have the safety net of a husband. The assumption is because I am on my own, I will have to work longer to achieve the savings required for retirement.

The phone call

Penelope’s phone rings and she excuses herself to take the call.

The rest of us chat on  …. about the high cost of housing in Melbourne. All the mothers are worried that their children experience such difficulties with breaking into home ownership. Which is why Judy is postponing retirement to help her son. But the others who don’t have  husbands in the building trade cannot replicate her method.

Most comment that Baby Boomers who are financially well off are those that have investment properties and receive passive income from them. Everyone knows someone who is wealthy from pursuing this method.

But it is not possible for today’s young people as the cost of housing is stratospheric, if they want to live in the inner city and where there are trendy cafes and shops around. Let alone invest in rental properties.

None of their children want to live in the outer suburbs, where housing is more affordable but amenities such as public transport and road infrastructure are not that great. And let’s face it, just not trendy at all. Which leads to another lament that young people these days are not willing to make sacrifices and start with somewhere affordable.

Talk soon turn to our recent holidays (happier topic of conversation!). Both Letitia and I had recently returned from European holidays.

I had been feeling out of sorts, thinking about how I can go away again next year and spend 8 weeks with my niece during the Northern summer. Which is an expensive time to be in London. My overall income has dropped in my new role, with less overtime hours. If I want to continue contributing extra to my superannuation, my take home pay is significantly reduced. And saving for my travels comes out of my take home pay.

Everyone weighed in about balancing saving for retirement and living in the present. It is a dilemma all of us struggle with. The ones recently returned from holidays dream of another holiday. And the ones who hadn’t been on holiday are planning one in the near future. The others all have European ties and all concur that European holidays are expensive.

Penelope returns to the lunch table, visibly upset

Her cousin turns 64 today. She just received news that her cancer has returned.  Tests show the cancer is now in her lungs and stomach plus she has a bowel obstruction to top it off. She had been in remission for a few years from cervical cancer and then bowel cancer.

Book your next holiday, Penelope tells me. Life is short. It doesn’t matter if you have 10 investment properties – you can’t enjoy your money if you are dead.

Our lunch break is over.

 

Life is indeed short. How do you balance between saving for retirement and enjoy living in the here and now?

 

 

 

Where can I send your
Monthly FIRE Goals Plan?

By signing up, you’ll also be added to my newsletter

You can unsubscribe any time, I promise.